TOKYO (Reuters) – Japanese telco SoftBank Corp <9434.T> on Monday said it forecasts operating profit will rise 0.9% to 920 billion yen ($8.6 billion) in the current financial year.
Japan’s third-largest wireless carrier is a vital source of cash for its highly leveraged parent SoftBank Group Corp <9984.T>, which is set to post a record annual operating loss next week as Chief Executive Masayoshi Son’s tech bets curdle.
(Reporting by Sam Nussey; Editing by Christopher Cushing)
